BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3875 -1.3890 on the upside, 1.3710-1.3725 on the downside.
AUDUSD: 0.9430-0.9445 on the upside, 0.9190-0.9205 on the downside.
USDJPY: 102.95-103.10 on the upside, 101.35-101.50 on the downside.
GBPUSD: 1.6865-1.6880 on the upside, 1.6715-1.6730 on the downside.
USDCAD: 1.1055-1.1070 on the upside, 1.0895-1.0910 on the downside.
NZDUSD: 0.8650-0.8665 on the upside, 0.8505 – 0.8520 on the downside.
EURJPY: 142.05-142.20 on the upside, 140.20-140.35 on the downside.
EURGBP: 0.8265-0.8280 on the upside, 0.8140-0.8155 on the downside.
XAUUSD: 1305.00-1315.00 on the upside, 1250.00-1260.00 on the downside.
BRENT: 110.00-111.00 on the upside, 106.00-107.00 on the downside.
SP500: 1910.00-1920.00 on the upside, 1780.00-1790.00 on the downside.
Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.
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Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.